The global Portable Medical Devices market is anticipated to grow significantly at a CAGR of 8.2% over the forecast. The global portable medical devices market is segmented on the basis of product type and end-users. Based on the product type, the market is segmented as monitoring devices, diagnosing devices, therapeutic devices, and fitness & wellness devices. The monitoring devices segment of the market is projected to hold the most substantial share in the global market. Based on the end-users, the market is segmented as hospitals, clinics, homecare, and others. The homecare segment of the market is projected to hold the most substantial share in the global market.
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The segmental growth of the market is accredited to the increased adoption of home-based monitoring devices by consumers for remote monitoring. Besides, the companies operating in the market are also contributing to the segmental growth by launching various easy to use, and hassle-free homecare medical devices. For an instance, Abbott Laboratories offers a Freestyle Libre System that provides relief from routine finger-prick testing of glucose. The sensor present in the glucose monitoring system automatically measures and continuously stores glucose readings day and night. It offers glucose readings with a painless one-second scan even through users’ clothing. Hence, such launches by the companies are likely to aid the growth of the market during the forecast period.
Global Portable Medical Devices Market – Segmentation
By Product Type
- Monitoring Devices
- Diagnosing Devices
- Therapeutic Devices
- Fitness & Wellness Devices
By End-User
- Hospitals
- Clinics
- Homecare
- Others
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Portable Medical Devices Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Abbott Laboratories Inc.
- CareFusion Corp.
- Covidien Plc
- Hoffmann-La Roche AG
- Freescale Semiconductor Inc.
- GE Healthcare
- Maxim Integrated
- Medtronic Plc
- Natus Medical Inc.
- Omron Corp.
- ON Semiconductor Corp.
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